Robert W. Baird Downgrades L3Harris Technologies (LHX) to Hold
Robert W. Baird analyst Peter Arment downgraded L3Harris Technologies (LHX) to Hold today and set a price target of $210.00. The company’s shares closed last Wednesday at $182.77.
According to TipRanks.com, Arment is a 5-star analyst with an average return of 14.8% and a 65.4% success rate. Arment covers the Technology sector, focusing on stocks such as Transdigm Group, Lockheed Martin, and Curtiss-Wright.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for L3Harris Technologies with a $213.14 average price target.
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L3Harris Technologies’ market cap is currently $39.72B and has a P/E ratio of 29.90. The company has a Price to Book ratio of -6.48.
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L3Harris Technologies, Inc. is an agile global aerospace and defense technology innovator, which engages in the provision of defense and commercial technologies across air, land, sea, space and cyber domains. It operates through the following segments: Integrated Mission Systems; Space and Airborne Systems; Communication Systems; and Aviation Systems. The Integrated Mission Systems segment include intelligence, surveillance, and reconnaissance; advanced electro optical and infrared; and maritime power and navigation. The Space and Airborne Systems segment comprises space payloads, sensors and full-mission solutions; classified intelligence and cyber defense; avionics; and electronic warfare. The Communication Systems segment consists tactical communications; broadband communications; L3’s night vision; and public safety. The Aviation Systems segment compose defense aviation products; security, detection and other commercial aviation products; air traffic management; and commercial and military pilot training. The company was founded in 2019 and is headquartered in Melbourne, FL.